The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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Best Buy Co., Inc. (BBY) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergenceBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY dropped -2.51 points, or -3.89%, and closed at 61.97 on Friday, February 27, 2026. Weekly volume was 11% above average.

BBY is a member of Computer & Electronics Retail Industry. Computer & Electronics Retail is the third most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 54.99 and reached 84.99 on October 27, 2025. BBY gained -30.00 points, or -54.56%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (78.90) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BBY may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term downtrend had started on October 27, 2025 at 84.99 and reached 61.01 on February 27, 2026. BBY lost 23.98 points, or 28.22%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 58.82 and resistance is at 67.30. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 5, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BBY short-term trend chart]
A short-term downtrend had started on February 24, 2026 at 64.23 and reached 61.01 on February 27, 2026. BBY lost 3.22 points, or 5.01%, in 3 days. The price is now at the 29.81% retracement level.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since February 19, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.84
Williams' Percentage Range (W%R) 89.60
Oversold
Lane's Stochastic (%D-Slow) 18.89
Oversold
Greed/Fear Indicator (GFI) 17.38
Oversold
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.47
Williams' Percentage Range (W%R) 95.90
Strong Oversold
Lane's Stochastic (%D-Slow) 19.82
Oversold Bullish
Greed/Fear Indicator (GFI) 20.60
Moving Average Converg./Diverg. (MACD) -1.49 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 69.67
50 Day Moving Average 67.46
Quarterly Trendline Resistance 67.30
20 Day Moving Average 65.65
Parabolic System 65.56
Weekly Stochastic Crossing 63.90
Daily Stochastic Crossing 62.37
Price 61.97
Lower Bollinger Band 60.67
Quarterly Trendline Support 58.82
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Computer & Electronics Retail 3
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.23
High Date 02/24/2026
Low 61.01
Low Date 02/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.23
High Date 02/24/2026
Low 61.01
Low Date 02/27/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.52
High Date 02/06/2026
Low 61.01
Low Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 67.30
Support 58.82
High 84.99
High Date 10/27/2025
Low 61.01
Low Date 02/27/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 91.21
Support 78.90
Low 54.99
Low Date 04/09/2025
High 84.99
High Date 10/27/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.